Diamondback Energy Q2 profit rises to $1.88 billion; raises production guidance
Diamondback Energy reported second quarter 2026 net income attributable to the company of $1.88 billion, or $6.65 per diluted share, compared with $699 million, or $2.38 per share, a year earlier. The company raised its full-year 2026 oil production guidance and doubled its share repurchase authorization to $16.0 billion in July, which gives shareholders a larger buyback capacity.
Key points
- Q2 2026 total revenues were $5.562 billion, up from $3.678 billion in Q2 2025.
- Full-year 2026 oil production guidance raised to 522+ thousand barrels per day from 520+; total production guidance raised to 1,000+ thousand barrels of oil equivalent per day from 972+.
- Board doubled the share repurchase authorization to $16.0 billion on July 30, 2026; about $9.9 billion remains available.
- Base cash dividend of $1.10 per share declared, payable August 20, 2026, to holders of record on August 13, 2026.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.